Mbanq Cloud vs Unit
Mbanq Cloud
mbanq.comUnit
unit.coSide by side
| Figure | Mbanq Cloud | Unit |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 1 | 1 |
| Spec score · Banking-as-a-Service Platforms | 8.5 (#3) | 7.6 (#17) |
| Headquarters | LinkedIn lists headquarters in Naples, Florida, at 4850 Tamiami Trail North, Unit 301. | New York City and Tel Aviv |
| Integrations | Mbanq says it partnered with IBM and Amazon Web Services through its Mbanq Labs accelerator program. | Listed integrations include Plaid, Yodlee, TabaPay, Stytch, Rainforest, Intuit, AWS S3, Google Cloud Storage, Auth0, and Allpoint. |
| Product | Mbanq Cloud is a cloud-based banking platform for fintechs and neobanks to launch banking instances and financial products. | Unit provides financial infrastructure for businesses to embed money storage, movement, spending, and lending in their products. |
| Sandbox | A sandbox supports API testing, account and transaction simulations, data manipulation, error testing and load testing. | Unit's Sandbox is a full replica of production with standard API endpoints and simulation-specific endpoints for testing. |
| What it does | Mbanq Cloud is a cloud banking-as-a-service platform for fintechs, neobanks, challenger banks and credit unions. | Unit is an enterprise-grade financial infrastructure platform for offering financial services to customers. |
Plans
In their own words
Mbanq Cloud
Mbanq Cloud is banking infrastructure for fintech platforms, neobanks, embedded finance products, and software platforms adding financial services. It brings together core banking, regulatory compliance, and operational management, while Mbanq operates the infrastructure and manages the compliance layer alongside a client’s product. Operations and compliance teams have a web Back Office; IT users have a web Console, and bank clients can use a template web banking application. White label-ready mobile banking apps are available for iOS and Android. REST and GraphQL APIs provide access to core banking functions, and users can add third-party services or build extensions. Listed payment rails include ACH, Fedwire, SWIFT, RTP, Check 21 processing, and card issuing and acquiring. KYC and KYB tools cover risk assessment, SSN verification, OFAC screening, document checks, and liveness checks. Security measures include multi-factor authentication, maker/checker workflows, configurable password policies, and granular permissions. Pricing is pay as you grow, with infrastructure, support, and operational costs included; no price is listed.
Unit
Unit provides financial infrastructure for businesses that want to offer financial services inside their own products. Its building blocks include deposit and wallet accounts, cards, credit products, and payments through ACH, wires, RTP, checks, and international payments. A native ledger records transactions with settlement-level visibility. Developers can work through an API, customer tokens, simulations, open-source SDKs, and data warehouse sync, or use optional brandable UI components for web and mobile web, React Native, Android, and iOS. The Dashboard includes SAML 2.0 single sign-on, multi-factor authentication, and team roles and permissions. Managed Solutions can build and operate Banking or Bill Pay modules and provide end-customer support under a client's brand. Unit lists integrations including Plaid, Yodlee, Intuit, and AWS S3. It identifies itself as a financial technology company, not a bank; partner banks provide banking services. Pricing is available on request.